Where and How to Lend XRP (XRP)

Introduction

Lending XRP can be a great option for those who wish to hold XRP but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire XRP (XRP) Tokens

   To lend XRP, you need to have it. To obtain XRP, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	XRP (XRP)	0.67
   Bitpanda	XRP (XRP)	1.12
   Uphold	XRP (XRP)	0.70
   Klink	XRP (XRP)	1.12
   PrimeXBT	XRP (XRP)	1.12
   Kraken	XRP (XRP)	0.62

   See all 29 prices

2. 2. Select a XRP Lender

   Once you have XRP, you’ll need to choose a XRP lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	XRP (XRP)	Up to 12.00 APY
   YouHodler	XRP (XRP)	Up to 12.00 APY
   Nebeus	XRP (XRP)	Up to 4.50 APY
   MEXC Global	XRP (XRP)	Up to 0.00 APY
   Bitget	XRP (XRP)	Up to 0.36 APY

   See all 10 lending rates

3. 3. Lend Your XRP

   After you have selected a platform for lending your XRP, transfer your XRP into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.